Sunday , November 24, 2024

Digital Transactions News staff

GoDaddy’s Get Paid Integrates Invoicing and Other Business Tools With Payments

  Online domain company GoDaddy’s new Get Paid service combines payment acceptance for small businesses from up to three payment companies with invoicing and expense-management capabilities. That caters to demands from merchants wanting more than payment processing, says one industry analyst. Get Paid draws its payment data from PayPal, Stripe, …

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Merchants That Opted out of the Big Interchange Settlement Will Get a Second Chance

Merchants that elected not to take a share of the $5.7 billion settlement to resolve a massive credit card interchange case against Visa Inc., MasterCard Inc. and some banks will be given a chance to opt back into a share of the damages under a plan being crafted by lawyers. …

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New MasterCard Rules on Fee Disclosures May Catch Many Payment Processors Unaware

Two MasterCard Inc. rules governing fee changes and disclosures may catch many in the payment industry unaware even though the rules first became known in December. That is the assessment of attorneys Howard Herndon and Josh Rosenblatt at Frost Brown Todd LLC, a Nashville, Tenn.-based firm. “Typically, acquiring banks and …

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In Wake of Payday-Lender Suit, Holder Makes the Case for Operation Choke Point

Operation Choke Point, a U.S. Department of Justice effort to shut down fraudulent merchants by going after payment companies that provide network access, shows no signs of going away any time soon, despite growing merchant and processor frustration with the initiative. Earlier this month, that frustration gave rise to a …

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Amazon’s First Smart Phone Harbors a Big Mobile Commerce Promise For the Retailer

  Rumors from the past few years that Amazon.com Inc. was building a smart phone bore fruit Wednesday when the online retailer revealed the Amazon Fire, a mobile device built to ease the mobile commerce experience on its Web site. It may herald another way to shop Amazon, but it …

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Cardtronics Seeks Greater Volume on Deposit-Taking ATMs Through New Links to Allpoint

By Jim Daly n The surcharge-free Allpoint ATM network will begin offering deposit-taking services to customers of U.S. member financial institutions at 2,500 ATMs in 7-Eleven Inc. stores and other locations, Allpoint owner Cardtronics Inc. said Wednesday. n The deal represents a new way for Cardtronics, which owns or operates …

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E-Commerce Gateway Services Provider Digital River Flows Into Bitcoin’s Expanding Sea

Payment-gateway services provider Digital River Inc. announced Monday that it is adding Bitcoin as a payment option for its small and mid-sized U.S. e-commerce merchants. The Minnetonka, Minn.-based firm thus apparently becomes the first U.S.-based gateway to support the leading virtual currency. n “Bitcoin continues to attract more mainstream attention,” …

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Mobile Deposit for Prepaid Cards And Wallets Poses Heightened Fraud Risk, A New Study Finds

The technology to deposit checks into prepaid cards or mobile wallets using a smart phone is less than two years old, but already the channel is proving to be 33 times more prone to fraud than mobile deposits into bank accounts, according to data from Fidelity National Information Services Inc. …

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USA Technologies Mobilizes Its Payments Platform for a Move Into Mobile Payments

Best known for providing wireless card payments for vending machines and unattended locations such as coin laundries, USA Technologies Inc. (USAT) is challenging Square Inc. and other mobile-payments providers in a move to get more mileage out of its specialty processing system. After introducing its mobile services last year, the …

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Sam’s Club And Walmart To Offer MasterCard-branded EMV Cards

  Wal-Mart Stores Inc. will be among the first retailers, if not the first, to offer store-branded credit cards with Europay-MasterCard-Visa (EMV) chips when its new cards bearing a MasterCard Inc. logo are issued this month. That’s well in advance of an October 2015 deadline from the major card networks …

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